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Airport operator GAP swaps a Ps.1.12B bond for a 12-month bank loan
Grupo Aeroportuario del Pacífico (GAP) announced it paid off its Ps.1.12 billion GAP 23L bond using proceeds from a new Ps.1.12 billion, 12-month credit facility with Scotiabank Inverlat. This new facility features an interest rate of TIIE Funding +44 basis points, monthly interest payments, principal at maturity, and no fees or prepayment costs. The move continues GAP’s strategy of active balance-sheet management and debt refinancing.